XRP expanded gains over $ 3.00 as institutional desks pressed bids in elevated volumes, confirming a short -lived floor near $ 2.99. Japan’s SBI lending roller and a pending American ETF decision cycle framed the move with resistance that closes to $ 3.10 after heavy pressure.
News Background
XRP rose 3% between October 2, 04:00 and October 3, 03:00, rose from $ 2.98 to $ 3.03. The rally followed SBI Holdings’ expansion of institutional XRP lending services and signaled Japan’s in -depth crypto -push. Meanwhile, Ripple CTO David Schwartz announced his departure after 13 years, and seven XRP ETF applications remain during the SEC review, with the first decisions expected October 18. Prediction markets now price approval odds above 99%, which strengthens speculative influx.
Summary of Price Action
- The XRP traded a corridor of $ 0.15 (4.9%) between $ 2.95 and $ 3.10.
- At. 16:00 Price rose from $ 3.00 to $ 3.06 of $ 212.6 million. Tokens – more than twice the daily average.
- Resistance hardened to $ 3.10, with 129 million. On revenue was upside down.
- XRP consolidated between $ 3.00- $ 3.05, and signaling accumulation over $ 3.00 line.
- In the last hour, the XRP dipped from $ 3.03 to $ 3.02 in the middle of profit, with a 2.35 m spike at. 03:55, showing institutional rebalancing.
Technical analysis
Support is confirmed near $ 2.99- $ 3.00, with multiple defenses that keep the level. Resistance remains defined to $ 3.10 where institutional sellers concentrated. The session carved a consolidation tape over $ 3.00, suggesting professional accumulation. Volume-led breakout trials validate institutional participation, although the conviction remains tied to a persistent close over $ 3.10 to lock the next leg up to $ 3.20.
Which dealers are looking at?
- Whether the XRP can maintain closes over $ 3.00 and gene test $ 3.10.
- Institutional positioning changes ahead of 18 October ETF deadlines.
- SBI’s lending currents and their influence on Asian liquidity trends.
- Wider CD20 index confirmation as all rotations track XRP’s strength.
